| Product Code: ETC5251568 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Maldives building construction import shipments in 2024 were primarily sourced from the UAE, India, Sri Lanka, China, and Morocco. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry exhibited strong growth with a Compound Annual Growth Rate (CAGR) of 13.8% from 2020 to 2024. However, there was a slight decline in the growth rate from 2023 to 2024 at -12.87%, suggesting a potential slowdown in the market. The continued reliance on imports from key countries highlights the importance of these trade relationships for the construction sector in the Maldives.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives Building Construction Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Building Construction Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Building Construction Market - Industry Life Cycle |
3.4 Maldives Building Construction Market - Porter's Five Forces |
3.5 Maldives Building Construction Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Maldives Building Construction Market Revenues & Volume Share, By Construction Type, 2021 & 2031F |
3.7 Maldives Building Construction Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Maldives Building Construction Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Maldives Building Construction Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing tourism industry leading to demand for hotels, resorts, and other infrastructure. |
4.2.2 Government focus on infrastructure development to support economic growth and urbanization. |
4.2.3 Growing population and urbanization driving demand for residential and commercial buildings. |
4.3 Market Restraints |
4.3.1 Limited availability of skilled labor and expertise in the construction industry. |
4.3.2 Dependency on imports for construction materials due to limited local production capacity. |
4.3.3 Vulnerability to natural disasters and climate change impacting construction projects and timelines. |
5 Maldives Building Construction Market Trends |
6 Maldives Building Construction Market Segmentations |
6.1 Maldives Building Construction Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Building Construction Market Revenues & Volume, By Residential, 2021-2031F |
6.1.3 Maldives Building Construction Market Revenues & Volume, By Non-residential, 2021-2031F |
6.2 Maldives Building Construction Market, By Construction Type |
6.2.1 Overview and Analysis |
6.2.2 Maldives Building Construction Market Revenues & Volume, By New Construction, 2021-2031F |
6.2.3 Maldives Building Construction Market Revenues & Volume, By Renovation, 2021-2031F |
6.3 Maldives Building Construction Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Maldives Building Construction Market Revenues & Volume, By Owned, 2021-2031F |
6.3.3 Maldives Building Construction Market Revenues & Volume, By Rental, 2021-2031F |
6.4 Maldives Building Construction Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Maldives Building Construction Market Revenues & Volume, By Private, 2021-2031F |
6.4.3 Maldives Building Construction Market Revenues & Volume, By Public, 2021-2031F |
7 Maldives Building Construction Market Import-Export Trade Statistics |
7.1 Maldives Building Construction Market Export to Major Countries |
7.2 Maldives Building Construction Market Imports from Major Countries |
8 Maldives Building Construction Market Key Performance Indicators |
8.1 Construction permit issuance rate, reflecting the pace of new construction projects. |
8.2 Infrastructure investment as a percentage of GDP, indicating the level of government support for construction. |
8.3 Urban population growth rate, correlating with increased demand for building construction in urban areas. |
8.4 Construction project completion rate, measuring the efficiency and effectiveness of construction projects. |
9 Maldives Building Construction Market - Opportunity Assessment |
9.1 Maldives Building Construction Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Maldives Building Construction Market Opportunity Assessment, By Construction Type, 2021 & 2031F |
9.3 Maldives Building Construction Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Maldives Building Construction Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Maldives Building Construction Market - Competitive Landscape |
10.1 Maldives Building Construction Market Revenue Share, By Companies, 2024 |
10.2 Maldives Building Construction Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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